Word: bonding
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This fund could include Sears, whose zealous auto mechanics performed extra work on cars that didn't need it. Sears settled with the State of California and offered $50 rebate coupons. Then there's Salomon Brothers, whose enthusiastic bond department hoodwinked Uncle Sam by buying more government bonds than it was entitled to. Salomon settled with the SEC for $290 million. Finally, there's Prudential Securities, the brokerage arm of the Rock of Gibraltar, which paid $370 million to settle a multitude of claims from investors who were coaxed into buying some trendy limited partnerships, which limited them...
...James Bond -- a license to have a career again...
...Jones industrial average closed at 3811.34, up 20.93 . . . N.Y.S.E.'s composite index up 0.85 to 254.99 . . . NASDAQ Stock Market composite index down .87 to 734.97 . . . American Stock Exchange fell 0.49 to 441.78 . . . Gold down $1.40 to $385.40 on the Commodity Exchange in New York . . . The 30-year Treasury bond closed with a yield of 7.35 percent, down from 7.39 late Wednesday...
...Jones industrial average closed at 3,790.41, down 24.42 . . . N.Y.S.E.'s composite index fell 0.96 to 254.14 . . . NASDAQ Stock Market composite index down 1.22 to 734.76 . . . American Stock Exchange down 0.38 to 442.27 . . . Gold rose $2.60 to $386.80 on the Commodity Exchange in New York . . . The 30-year Treasury bond closed with a yield of 7.41 percent, up from 7.31 late Tuesday...
...Jones industrial average closed at 3814.83, up 31.71 . . . N.Y.S.E.'s composite index rose 1.34 to 255.10 . . . NASDAQ Stock Market composite index up 3.89 to 735.59 . . . American Stock Exchange gained 1.46 to 442.65 . . . Gold up 90 cents to $384.20 on the Commodity Exchange in New York . . . The 30-year Treasury bond closed with a yield of 7.31 percent, down from 7.35 on Monday...